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Nebraska Revised Statutes Chapter 57. Minerals, Oil, and Gas § 57-224. Oil and gas leases; trustee for remaindermen; invest income from royalties

Current as of January 01, 2024 | Updated by Findlaw Staff

Under proper court order, the trustee shall be authorized to invest income from royalties in like manner as funds of guardianships may be invested, which investments shall remain intact until the ultimate taker is determined and shall then be paid over to such ultimate taker and the trust closed. Income from investments shall be paid to the life tenant or other person entitled thereto.

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Cite this article: FindLaw.com - Nebraska Revised Statutes Chapter 57. Minerals, Oil, and Gas § 57-224. Oil and gas leases; trustee for remaindermen; invest income from royalties - last updated January 01, 2024 | https://codes.findlaw.com/ne/chapter-57-minerals-oil-and-gas/ne-rev-st-sect-57-224/

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